Orla Mining (TSE:OLA) Price Target Raised to C$12.00

Orla Mining (TSE:OLA) had its target price lifted by Cormark from C$10.00 to C$12.00 in a report issued on Thursday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the stock. Scotiabank upped their target price on shares of Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. CIBC increased their target price on shares of Orla Mining from C$11.50 to C$13.75 and gave the stock an “outperform” rating in a research report on Wednesday. Desjardins increased their target price on shares of Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday. Stifel Nicolaus set a C$15.50 price target on shares of Orla Mining and gave the stock a “buy” rating in a report on Wednesday. Finally, BMO Capital Markets upped their price target on shares of Orla Mining from C$8.00 to C$12.50 in a report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Orla Mining presently has a consensus rating of “Buy” and a consensus target price of C$11.86.

Orla Mining Trading Down 4.6 %

Shares of TSE:OLA opened at C$12.71 on Thursday. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The company’s 50-day moving average price is C$10.02 and its two-hundred day moving average price is C$7.83. The stock has a market capitalization of C$2.88 billion, a PE ratio of 271.67 and a beta of 1.57. Orla Mining has a one year low of C$4.60 and a one year high of C$13.76.

About Orla Mining

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.